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IFRS Foundation Trustees hold April 2015 meeting

  • IFRS Trustees meeting (blue) Image

May 01, 2015

The IFRS Foundation trustees met in Toronto, Canada, on April 14–16, 2015.

Meeting ac­tiv­i­ties in­cluded the fol­low­ing:

  • Ex­ec­u­tive session The trustees agreed to respond to the European Com­mis­sion’s green paper, Building a Capital Market Union, and to draft a con­sul­ta­tion document on the review of the IFRS Foun­da­tion’s structure and effectiveness. In ad­di­tion, updates were given on (1) the review of the Accounting Standards Advisory Forum’s op­er­a­tions, (2) de­vel­op­ments in the United States, (3) Canada’s per­spec­tive on financial reporting issues, (4) com­mer­cial op­por­tu­ni­ties, and (5) other ad­min­is­tra­tive matters.
  • IASB chair­man’s report — IASB Chair­man Hans Hooger­vorst gave an update on the IASB’s progress on its leases project and the work of the revenue tran­si­tion resource group.
  • Report of the Due Process Over­sight Com­mit­tee (DPOC) — Michael Prada, chair­man of the IFRS Foun­da­tion trustees, led a dis­cus­sion about the DPOC’s April 2015 meeting with the IASB. For more in­for­ma­tion, see our related news item.
  • Re­gional out­reach ac­tiv­ity — The IFRS Foun­da­tion jointly hosted an event with the Accounting Standards Oversight Council, the Accounting Standards Board, and CPA Canada.

The full report on the IFRS Foun­da­tion trustees’ meeting is avail­able on the IASB’s Web site.

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